Gretex Corporate Services Limited Approves Allotment of Fully Convertible Warrants
Gretex Corporate Services Limited announced the revised outcome of its Board Meeting, held on May 7, 2026. The Board approved the allotment of 19,51,000 Fully Convertible Warrants (Warrants) to selected investors on a preferential basis, involving a cash consideration.Each allocated warrant is convertible into one Additional Equity Share, which has a face value of Rs. 10. The conversion of these warrants can take place at any time within 18 months from the date of allotment.
The details of the investors and the allotted warrants are as follows:
| Sr No | Proposed Allottee Name | Category | Warrants Allotted (up to) | Outcome of Investment Amount (INR) (Approx.) | Type of Consideration | Issue Price/Allotted Price (INR) |
|---|---|---|---|---|---|---|
| 1 | Ambition Tie-Up Private Limited | Non-Promoter | 12,01,000 | 42,99,58,000 | Cash | 358 |
| 2 | Zyana Developers LLP | Non-Promoter | 5,00,000 | 17,90,00,000 | Cash | 358 |
| 3 | Shailja Sandeep Jindal | Non-Promoter | 1,00,000 | 3,58,00,000 | Cash | 358 |
| 4 | Gautam Gopi Kishan Makharia | Non-Promoter | 75,000 | 2,68,50,000 | Cash | 358 |
| 5 | Punit GopiKishan Makharia | Non-Promoter | 75,000 | 2,68,50,000 | Cash | 358 |
The company reported that the total allotment covers 19,51,000 equity warrants, aggregating up to Rs. 69,84,58,000. The issue price and allotted price for the warrants stand at Rs. 358 per unit.
GCSL Stock Price Movement
As of 1:18 PM, shares of Gretex Corporate Services Limited are slipping by 0.39% in live trading, currently at ₹383.15. The stock sheds ₹1.50 on the day, having seen a total volume of 266,870 shares, but remains significantly below its all-time 52-week high of ₹397.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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